Civic Intelligence

Cdfi Friendly Bloomington Inc.

990 • Fiscal year 2020 • EIN 83-3678930

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 11, 2021

100 S College AvenueBloomington, IN 47404

(651) 500-9968

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

15th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

15th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

98th percentile

90%

Higher net margin than 98% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

67th percentile

$95,000

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 8.8% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

93rd percentile

112%

Faster asset growth than 93% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

51st percentile

1.3%

Faster revenue growth than 51% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$2,164,327

Up $1,142,095 (+112%) from 2019

Net Assets

Up

$2,164,327

Up $1,142,095 (+112%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue

Up

$1,081,365

Up $14,386 (+1.3%) from 2019

Expenses

Up

$111,848

Up $21,697 (+24%) from 2019

Net Income

Down

$969,517

Down $7,311 (-0.7%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2019: $1,022,232Liabilities 2019: $0Net Assets 2019: $1,022,2322019Assets 2020: $2,164,327Liabilities 2020: $0Net Assets 2020: $2,164,3272020Assets 2021: $2,104,258Liabilities 2021: $0Net Assets 2021: $2,104,2582021Assets 2022: $2,273,620Liabilities 2022: $0Net Assets 2022: $2,273,6202022Assets 2023: $2,210,563Liabilities 2023: $5,757Net Assets 2023: $2,204,8062023Assets 2024: $2,301,458Liabilities 2024: $56,796Net Assets 2024: $2,244,6622024

Highlighted filing

2020

Assets$2,164,327
Liabilities$0
Net Assets$2,164,327

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2019: $1,066,979Expenses 2019: $90,151Net Income 2019: $976,8282019Revenue 2020: $1,081,365Expenses 2020: $111,848Net Income 2020: $969,5172020Revenue 2021: $261,921Expenses 2021: $198,615Net Income 2021: $63,3062021Revenue 2022: $186,607Expenses 2022: $122,875Net Income 2022: $63,7322022Revenue 2023: $125,286Expenses 2023: $194,100Net Income 2023: -$68,8142023Revenue 2024: $473,448Expenses 2024: $433,601Net Income 2024: $39,8472024

Highlighted filing

2020

Revenue$1,081,365
Expenses$111,848
Net Income$969,517
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 11, 2021
Return Version
2020v4.1
Gross Receipts
$1,081,365
Mission and Program Overview

Mission

The organizations purpose is to strengthen the communities of bloomington, monroe county and the neighboring regions of south central indiana, and improve the economic conditions of its lower income residents, by assisting community development financial institutions and other organizations to provide low-cost, accessible, flexible, affordable financing for housing, job development, charitable and educational services and other community projects.

To improve the economic welfare of bloomington, in, and surrounding areas by helping local community development projects access flexible, affordable capital from community development financial institutions (cdfis) or other organizations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,006,561$837,935▼ $168,626
Accounts Receivable-$105,212-
Pledges and Grants Receivable-$90,000-
Cash and Non-Interest-Bearing Accounts$15,671$60,376▲ $44,705
Total Assets$1,022,232$2,164,327▲ $1,142,095
Other Assets Total$0$1,070,804▲ $1,070,804
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,022,232$1,994,447▲ $972,215
Net Assets Without Donor Restrictions$0$169,880▲ $169,880
Total Net Assets Fund Balance$1,022,232$2,164,327▲ $1,142,095
Total Liabilities and Net Assets / Fund Balance$1,022,232$2,164,327▲ $1,142,095

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$1,070,804--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brian PayneExecutive DirectorFT$93,270$1,730$95,000

Board Members and Trustees

NameTitle
Tina PetersonPresident
Cindy KinnarneyDirector
John HamiltonDirector
Scot WrightDirector
Scott ShishmanDirector
Jane KupersmithSecretary
Warren CutshallTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,068,422
Program Service Revenue
$0
Investment Income
$4,943
Other Revenue
$8,000
All Other Contributions
$1,068,422
Change in Net Assets
$969,517

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,081,365
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,081,365
Total Revenue per Form 990
$1,081,365
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$105,020
Other Expenses$6,828
Total Fundraising Expense$5,251
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$57,583$33,590$4,799$95,972
Payroll Taxes$4,391$2,562$366$7,319
Other Salaries and Wages$1,038$605$86$1,729
Office Expenses$388$387-$775
Fees for Services Legal$500--$500
Other Expenses$15--$15
Total Functional Expenses$69,453$37,144$5,251$111,848

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$111,848
Total Expenses per Audited Statements$111,848
Total Expenses per Form 990$111,848
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The board of directors receives a copy of the completed 990, for their review.

Form 990, Part VI, Section B, Line 12C

Cdfi friendly bloomington, inc. Maintains a mandatory conflict of interest policy, of which directors are apprised pror to their appointment. All directors and key employees must comply with the conflict of interest policy. On an annual basis, staff and directors must disclose any actual or appearance of conflict of interest to the board in writing. That disclosure form also serves as the individual's agreement to the conflict of interest policy.

Form 990, Part VI, Section B, Line 15A

Compensation is set by the board of directors based upon recommendations of the executive director.

Form 990, Part VI, Section C, Line 19

Governing documents have been filed with the state of indiana and are available upon request.

Form 990, Part VI, Section B, Line 11A

There was no change in the current year in the process of reviewing the 990 prior to filing.

Filing and Contact Details

Filer

Filer Name
Cdfi Friendly Bloomington Inc
EIN
83-3678930
Phone
6515009968
Address
100 S COLLEGE AVENUE, BLOOMINGTON, IN 47404

Signing Officer

Name
Brian Payne
Title
Executive Director
Phone
6515009968
Signed
2021-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brian Payne
Formed
2018
Legal Domicile
In
Voting Board Members
7
Independent Board Members
7
Employees
1
Volunteers
8

Preparer

Firm
Blue & Co LLC
Address
813 WEST SECOND STREET, SEYMOUR, IN 47274
Preparer
Kandy L Wischmeier
Phone
8125228416
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Cdfi friendly bloomington, inc. Is a not-for-profit corporation as described in section 501(c)(3) of the internal revenue code and is exempt from federal taxes on related income pursuant to section 501(a) of the code. Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the organization and recognize a tax liability if the organization has taken an uncertain position that more likely than not would not be sustained upon examination by various federal and state taxing authorities. Management has analyzed the tax positions taken by the organization, and has concluded that as of december 31, 2020 and 2019, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the accompanying financial statements. The foundation is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. As such, the organization is generally exempt from income taxes. However, the organization is required to file federal form 990 return of organization exempt from income tax which is an informational return only.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0CDFI FRIENDLY BLOOMINGTON, INC. AND THE COMMUNITY FOUNDATION OF BLOOMINGTON AND MONROE COUNTY HAVE ENTERED INTO A FISCAL SPONSORSHIP AGREEMENT. WHILE THE COMMUNITY FOUNDATION (CFBMC) WAS A CO-FOUNDING MEMBER OF THIS ORGANIZATION, THE GOVERNING DOCUMENTS OD CDFI FRIENDLY BLOOMINGTON, INC. DO NOT SPECIFICALLY MENTION CFBMC AS A FISCAL SPONSOR. PER THE TERMS OF THE FISCAL SPONOSHIPS AGREEMENT, CFBMC ALLOWS CDFI FRIENDLY BLOOMINGTON, INC. TO USE ITS HUMAN RESOURCES, CONTROLLER, AND OTHER ADMINISTRATIVE SERVICES. HOWEVER, CFBMC EXERTS NO CONTROL OVER THE APPOINTMENT OF DIRECTORS TO THE CDFI FRIENDLY BLOOMINGTON, INC. GOVERNING BOARD.
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt04943
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt06979
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt011922
IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/SubstantialContributorsTotAmt01162652
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01068422
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01200000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0186500
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02454922
IRS990ScheduleA/TotalSupportAmt02466844
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
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IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0111848
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01070804
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0INTEREST IN NET ASSETS HELD AT THE CF OF BLOOMINGTON AND MONROE COUNTY, INC
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01081365
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CDFI FRIENDLY BLOOMINGTON, INC. IS A NOT-FOR-PROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY VARIOUS FEDERAL AND STATE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION, AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2020 AND 2019, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. AS SUCH, THE ORGANIZATION IS GENERALLY EXEMPT FROM INCOME TAXES. HOWEVER, THE ORGANIZATION IS REQUIRED TO FILE FEDERAL FORM 990 RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX WHICH IS AN INFORMATIONAL RETURN ONLY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt01070804
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS RECEIVES A COPY OF THE COMPLETED 990, FOR THEIR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CDFI FRIENDLY BLOOMINGTON, INC. MAINTAINS A MANDATORY CONFLICT OF INTEREST POLICY, OF WHICH DIRECTORS ARE APPRISED PROR TO THEIR APPOINTMENT. ALL DIRECTORS AND KEY EMPLOYEES MUST COMPLY WITH THE CONFLICT OF INTEREST POLICY. ON AN ANNUAL BASIS, STAFF AND DIRECTORS MUST DISCLOSE ANY ACTUAL OR APPEARANCE OF CONFLICT OF INTEREST TO THE BOARD IN WRITING. THAT DISCLOSURE FORM ALSO SERVES AS THE INDIVIDUAL'S AGREEMENT TO THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION IS SET BY THE BOARD OF DIRECTORS BASED UPON RECOMMENDATIONS OF THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS HAVE BEEN FILED WITH THE STATE OF INDIANA AND ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THERE WAS NO CHANGE IN THE CURRENT YEAR IN THE PROCESS OF REVIEWING THE 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11A
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IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt037144
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt069453
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IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01022232
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02164327
IRS990/TotalOtherCompensationAmt01730
IRS990/TotalProgramServiceExpensesAmt069453
IRS990/TotalReportableCompFromOrgAmt093270
IRS990/TotalRevenueGrp/ExclusionAmt04943
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01081365
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt08
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IRS990/USAddress/CityNm0BLOOMINGTON
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IRS990/WebsiteAddressTxt0WWW.CDFIFRIENDLYBTOWN.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BRIAN PAYNE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06515009968
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CDFI FRIENDLY BLOOMINGTON INC
ReturnHeader/Filer/BusinessNameControlTxt0CDFI
ReturnHeader/Filer/EIN0833678930
ReturnHeader/Filer/PhoneNum06515009968
ReturnHeader/Filer/USAddress/AddressLine1Txt0100 S COLLEGE AVENUE
ReturnHeader/Filer/USAddress/CityNm0BLOOMINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd047404
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0351178661
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BLUE & CO LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0813 WEST SECOND STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SEYMOUR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd047274
ReturnHeader/PreparerPersonGrp/PhoneNum08125228416
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KANDY L WISCHMEIER
ReturnHeader/ReturnTs02021-11-11T13:28:42-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0BRIAN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0PAYNE
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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